it is kind of like what we have heard from others, this whole notion of a new normal type environment. growth continues to be low about fragile, and there is a continued risk of asset bubbles building. andt conviction is low, comedies are not doing a lot of investing or hiring. there is a bold case scenario, -- bull case scenario, but that only has a 25% probability. >> what an interesting way to look at the markets. what does larry fink have to say? >> larry, as it turns out, is not here. he is traveling in the middle east, he's going to be seeing clients byckrock's doing some investigation on his own. i did have a chance to sit down with larry fink on writing. we talked about something that is really important to investing, risks. where are the risks, and what hes he seem that's -- perceived as the biggest risk? here's what he told me. >> the next crisis will not be coming from banks. i do not know where it will come, it may not be in financial conveyed might be in technology. maybe it will be private security that would back a lot of us. but the big crisis will not be in financial